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Menzgold saga: BoG’s ‘we are not concerned’ posture worrying – Law lecturer

A law lecturer has criticised what he describes as “we are not concerned” posture of the Central Banks’s towards frustrated Menzgold customers. Justice Srem-Sai who is with the Ghana Institute of Management and Public Administration (GIMPA) said he is saddened by the Deputy Bank of Ghana (BoG) Governor’s pronouncement that there is nothing the central bank can do for the ...

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Government cancels GHC362m Jospong contract after JoyNews investigation

Government has canceled a $74m contract with Jospong Group of companies to provide waste bins believed to have been inflated. The cancellation of the contract which translates to ¢355m follows Joy News investigations in 2017 by award-winning journalist Manasseh Azure Awuni. Joy News found the procurement of one million waste bins and disposable bin liners was inflated by at least ...

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What Is the Difference Between a Commercial Bank and a Savings & Loan Bank?

If you want to store your cash, you can stuff it into your mattress or, like most people, keep it in a bank. Banks are highly regulated and your deposits are insured, which means you generally don’t have to worry about ending up penniless if your bank goes under.   Savings Bank Vs Commercial Bank: Key Differences There are commercial ...

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GHANA’S ECONOMY VERY WELL THAN PRESIDENT AKUFO-ADDO – Dr Franklin Osei Akoto

Source : ghanapoliticsonline.com At the time I was criticising President John Mahama, I had no regrets criticising him,like I have no regrets no criticising the Akufo Addo administration, but I want to say emphatically that if you carry out comparative analysis between the Mahama administration and Akufo Addo’s administration, I would say President Mahama is far far mileage above this ...

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Thoughts in the midst of crisis: The recent merger, acquisition, and consolidation of banks in Ghana.

How do you spot a country with a banking crisis? Panic withdrawals and customer’s inability to access savings are two engrained symptoms. But the nadir can arguably be linked to bank failures or banking activities characterized by a full-blown crisis of confidence. With the above conditions being present, crisis, in our opinion, is a perfect description of the current state ...

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Economist: Ineffective warning notices not a solution to Mensgold crisis

Accra, Ghana, December 31, 2018//-A renowned economist and Professor at the University of Cape Coast (UCC), John Gatsi, says ineffective investment warning notices issued by financial market regulators are not the solution to addressing the Menzgold crisis. According to him, “In an environment of ineffective investment warning notices and weak financial literacy, innocent investors become victims and not criminals”. The ...

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We will overcome this challenge Nduom !

I have been gone from Ghana for about three weeks. I have been on a business trip to encourage Ghanaians and non Ghanaians interested in doing business in Ghana to invest through our company, Groupe Nduom. Back home, panic withdrawals from financial institutions have continued. I have written about this. I have asked our citizens to stand by our indigenous ...

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Cal Bank injects fresh capital to meet BoG requirement

Source: ghananewsagency.org Cal Bank on Wednesday outlined robust measures which includes injection of fresh capital or capitalisation of income surplus to meet Bank of Ghana (BOG) new Minimum Capital Requirement of GH¢400 million in stated capital by December 2018. The Bank said it would transfer balance of GH¢50 million from income surplus to stated capital to meet the requirement, and ...

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